Promo-steem growth and how it's starting to transform economics around the world.

"There is no better feeling than doing well while you are doing good"

(A quote by Jay Samit)

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It's no accident that promo-steem is growing at an incredible rate. Since we launched it, just three months ago, we have seen it evolve in a way that has surprised and delighted us.

The original idea behind #promo-steem was to encourage people to think about the fact that the STEEM blockchain, and the Steemit platform were so much more than just a site for blogging and earning cryptocurrency.

What's happened is an evolution that, back in the middle of last year, @starkerz, @stephenkendal and myself were talking about. We realised that if folks around the world started promoting the STEEM blockchain, and getting rewarded for doing so, that we could make a number of things happen in tandem.

Firstly, we realised that it would raise the price of STEEM, something everyone on here wants (not least the whales who are holding oodles of it)

Secondly, we postulated that users in developing nations would see the biggest changes to their personal wealth, by virtue of the fact that $1 in Ghana is worth a lot more than $1 in Great Britain.

And thirdly, and this is important, we thought that by getting people into promoting STEEM, that we could effectively create the worlds first Decentralised Marketing Department. And that's exactly what is starting to happen.

We talked about these concepts in our recent video. If you didn't see it first time round, here it is again:

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And the big kicker is that it's changing lives....Every day.

If you live in a rich nation, and are an occasional user on the Steemit platform, you might make a few bucks here and there and not think too much about it.

But if you live in a place where there is a great deal of poverty and economic hardship, the STEEM blockchain is changing lives, irradicating poverty, and has the potential to create a system which can alter and enhance entire communities.

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The shocking truth about economics...and how the STEEM blockchain is changing the world

Almost half of the population of the world lives on less than $2.50 per day. In the UK you're lucky to get a cup of instant coffee in a greasy spoon Cafe for that.

Around a BILLION people live on less than the equivalent of $1 per day. That's real poverty.

So when you live in these places, and you are active on the Steemit platform, (and most importantly adding value to the STEEM blockchain) you can quickly figure out that getting a few dollars from a daily post could make the difference between being able to eat that day or not.

And when you then start to see that some of the greatest promoters I've seen come from these countries. These folks are out there, smashing it, telling whole communities about STEEM and Steemit. They are tireless, brilliant, fearless, exceptional people, and personally, I want to reward them all.

What makes the STEEM blockchain so great?

The STEEM blockchain is, to all intents and purposes, the single biggest blockchain out there. It accounts for close to HALF of all Blockchain transactions across the world, is free to use, lightening fast, barely breaks a sweat in terms of network capacity, and yet has a very low market capitalisation (in other words, it's clearly not in a massive bubble like you could argue about Bitcoin and Ethereum for example).

It's also one of the very few blockchains that is being used, in a very practical way, by people all around the world. And they aren't just using it to drop a few stories about their day, or moan about the trains, or share their pictures of their dinner (and all the other usual rubbish that clutters up most people's Facebook feeds).

In so many ways, people are beginning to use the STEEM blockchain for the purpose of changing their communities. Because this platform is so much more than blogging. It's about collaboration, croudsourcing, leveraging the power of the crowd, and doing it in a way that doesn't require moderators, censorship or advertising revenue.

Someone asked me the other day if I could only choose one blockchain, one crypto, one idea, which would I put all my chips into. I didn't have to think about it. It's STEEM all the way.

From a purely economic point of view, it's the big hitting blockchain that isn't bubbling. But more importantly, it's the one that I see making a real difference in the lives of ordinary people all around the world.

If you ever wanted to be part of something that did good in the world, spending some time curating on posts made by promoters around the world is a great idea. Everyone's earning, of course, but when you give freely to the promoters, especially the ones in less wealthy places, you are changing lives for the better

That's something to be utterly proud of. So please, I implore you, perhaps think about how your upvote can really help people out there. We are trying to make it easier for people to find and reward great promoters, and we are working to bring a really slick promo-steem website to you.

We are in the process of going through the applications for Steem Ambassadors. And at the same time, we are planning some incredible, and potentially jaw dropping events in the next few months. Watch this space!

And do follow what we are doing at @steem-ambassador to get all the latest cool #promo-steem news.